Compare Bankwest home loan rates
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Bankwest was named Money magazine’s Bank of the Year in 2017, with its below average mortgage rates a contributing factor.
Bankwest was founded by the government of Western Australia in 1895. Originally known as the Agricultural Bank of Western Australia, it has changed hands and names several times since, becoming known as Bankwest in 1994.
Bankwest was bought by the Commonwealth Bank of Australia in 2008. Although its headquarters is in Perth, Bankwest has offices throughout Australia.
Bankwest home loans
| Product | Advertised rate | Upfront fee | Comparison rate* | Ongoing fee | Go To Site |
|---|---|---|---|---|---|
Advertised rate 4.09% Variable | Upfront fee $150.00 | Comparison rate* 4.11% | Ongoing fee $0 | Details Compare | |
Advertised rate 3.70% Variable | Upfront fee $250.00 | Comparison rate* 4.13% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 3.72% Intro 36 months | Upfront fee $250.00 | Comparison rate* 4.19% | Ongoing fee $0 | Details Compare | |
Advertised rate 3.88% Fixed - 2 years | Upfront fee $250.00 | Comparison rate* 4.40% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 3.98% Fixed - 3 years | Upfront fee $250.00 | Comparison rate* 4.41% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 3.99% Variable | Upfront fee $250.00 | Comparison rate* 4.41% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.21% Fixed - 1 year | Upfront fee $250.00 | Comparison rate* 4.44% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.44% Fixed - 4 years | Upfront fee $250.00 | Comparison rate* 4.57% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.19% Variable | Upfront fee $250.00 | Comparison rate* 4.61% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 3.98% Fixed - 2 years | Upfront fee $250.00 | Comparison rate* 4.89% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.28% Fixed - 3 years | Upfront fee $250.00 | Comparison rate* 4.92% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.31% Fixed - 1 year | Upfront fee $250.00 | Comparison rate* 4.98% | Ongoing fee $395 annually | Details Compare | |
Advertised rate 4.38% Fixed - 3 years | Upfront fee $545.00 | Comparison rate* 5.21% | Ongoing fee $12 monthly | Details Compare | |
Advertised rate 4.39% Fixed - 2 years | Upfront fee $545.00 | Comparison rate* 5.29% | Ongoing fee $12 monthly | Details Compare |
Premium Select Home Loan (Principal and Interest) Advertised rate 4.09% Variable Upfront fee $150.00 Comparison rate* 4.11% Ongoing fee $0 | |
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Complete Variable Home Loan (Principal and Interest) (New Customer) ($200k+, LVR < 90%) Advertised rate 3.70% Variable Upfront fee $250.00 Comparison rate* 4.13% Ongoing fee $395 annually | |
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Equaliser Home Loan Advertised rate 3.72% Intro 36 months Upfront fee $250.00 Comparison rate* 4.19% Ongoing fee $0 | |
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Complete Fixed Home Loan 2 Years Advertised rate 3.88% Fixed - 2 years Upfront fee $250.00 Comparison rate* 4.40% Ongoing fee $395 annually | |
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Complete Fixed Home Loan 3 Years Advertised rate 3.98% Fixed - 3 years Upfront fee $250.00 Comparison rate* 4.41% Ongoing fee $395 annually | |
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Complete Variable Home Loan (Principal and Interest) ($200k+, LVR < 90%) Advertised rate 3.99% Variable Upfront fee $250.00 Comparison rate* 4.41% Ongoing fee $395 annually | |
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Complete Fixed Home Loan 1 Year Advertised rate 4.21% Fixed - 1 year Upfront fee $250.00 Comparison rate* 4.44% Ongoing fee $395 annually | |
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Complete Fixed Home Loan 4 Years Advertised rate 4.44% Fixed - 4 years Upfront fee $250.00 Comparison rate* 4.57% Ongoing fee $395 annually | |
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Complete Variable Investment Loan (Principal and Interest) (New Customer) Advertised rate 4.19% Variable Upfront fee $250.00 Comparison rate* 4.61% Ongoing fee $395 annually | |
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Complete Fixed Investment Loan 2 Years Advertised rate 3.98% Fixed - 2 years Upfront fee $250.00 Comparison rate* 4.89% Ongoing fee $395 annually | |
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Complete Fixed Investment Loan 3 Years Advertised rate 4.28% Fixed - 3 years Upfront fee $250.00 Comparison rate* 4.92% Ongoing fee $395 annually | |
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Complete Fixed Investment Loan 1 Year Advertised rate 4.31% Fixed - 1 year Upfront fee $250.00 Comparison rate* 4.98% Ongoing fee $395 annually | |
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Fixed Home Loan (Principal and Interest) 3 Years Advertised rate 4.38% Fixed - 3 years Upfront fee $545.00 Comparison rate* 5.21% Ongoing fee $12 monthly | |
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Fixed Home Loan (Principal and Interest) 2 Years Advertised rate 4.39% Fixed - 2 years Upfront fee $545.00 Comparison rate* 5.29% Ongoing fee $12 monthly | |
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- Flexible repayment options.
- Wide range of home loan products.
- Relatively competitive rates on most loans.
- Package loans available.
- Optional offset account charges a small fee.
- Branches limited outside WA.
Bankwest home loans customers can contact the bank through a number of different mediums, including online, via email or on the Bankwest Forum. The bank also has an Australian-based call centre with specialised lines for personal, business and international customers. There is also the option to talk to a staff member in person at Bankwest branch or book a mobile or phone appointment with an affiliated lending specialist.
- Customer service centre (phone, email, branch)
- Mobile app
- Online banking
- Live Chat
- Mobile banking staff
How to Apply
Potential Bankwest customers can apply for a home loan in a number of ways. These include online or phone applications, as well as the option to make an appointment at a Bankwest branch or with a mobile lending specialist. You will also need to provide documentation when applying for a home loan. This may include:
- Personal details and identification.
- Employment details.
- Financial details such as income, assets and any other loans or commitments.
For refinancers you may also have to provide recent home loan statements for the past six months from your other financial institution.
About Bankwest home loans
There are home loans offered by Bankwest to suit almost every mortgage borrower in Australia, including:
- First home buyers
- Upgraders
- Renovators
- Refinancers
- Investors
- Seniors (reverse mortgages)
- SMSFs (superannuation home loans)
- Self-employed (low-doc loans)
- Line-of-credit loans (for new and small businesses)
Bankwest also offers a variety of mortgage interest rates, including:
- Variable interest rates
- Fixed interest rates
- Principal-and-interest home loans
- Interest-only mortgages
- Split loans
Bankwest lets customers use a paperless home loan application. The maximum term on a home loan with Bankwest is 30 years, and repayments can be made weekly, fortnightly or monthly. There are also mortgages from the bank that offer a free redraw facility, as well as up to 100 per cent offset account and the ability to make extra repayments any time. It pays to compare the home loans carefully to find the features that suit you best.
Bankwest home loan rates
Mortgage rates offered by Bankwest differ depending on what product customers choose. Bankwest has to compete against the big four banks, which have significantly more brand recognition and branches. So, to stay competitive, Bankwest often undercuts the interest rates offered by ANZ, Commonwealth Bank, NAB and Westpac.
For owner-occupiers paying interest and principal, Bankwest rates tend to be moderately low, while its interest-only rates tend to be very low. Mortgages for investors generally have very low interest rates, especially interest-only home loans. Bankwest’s upfront fees are generally moderate. That said, there can be differences from product to product.
Bankwest puts a different rate on variable and fixed home loans. Depending on the product, there can be significant differences, so it’s worth comparing the two to get the best home loan rate to suit your needs.
Bankwest home loans review
Bankwest mortgage customers get the benefit of banking with a smaller, more personal bank, but the safety of knowing it’s owned by the largest bank in Australia (Commonwealth Bank).
Bankwest offers home loans to suit almost every type of borrower, whether a first home buyer, a refinancer, an investor or an owner-occupier. There are also several specialist home loans offered by Bankwest, including reverse mortgages, SMSF mortgages and low-doc loans for the self-employed.
Bankwest’s interest rates are generally low compared to many of its competitors in Australia, but the fees vary significantly between the products offered by the bank. There are some home loans at Bankwest with no application and monthly maintenance fees, however some mortgage products have high annual fees, so it pays to compare home loans carefully to get the best deal.
About Bankwest home loans
There are home loans offered by Bankwest to suit almost every mortgage borrower in Australia, including:
- First home buyers
- Upgraders
- Renovators
- Refinancers
- Investors
- Seniors (reverse mortgages)
- SMSFs (superannuation home loans)
- Self-employed (low-doc loans)
- Line-of-credit loans (for new and small businesses)
Bankwest also offers a variety of mortgage interest rates, including:
- Variable interest rates
- Fixed interest rates
- Principal-and-interest home loans
- Interest-only mortgages
- Split loans
Bankwest lets customers use a paperless home loan application. The maximum term on a home loan with Bankwest is 30 years, and repayments can be made weekly, fortnightly or monthly. There are also mortgages from the bank that offer a free redraw facility, as well as up to 100 per cent offset account and the ability to make extra repayments any time. It pays to compare the home loans carefully to find the features that suit you best.
Bankwest home loan rates
Mortgage rates offered by Bankwest differ depending on what product customers choose. Bankwest has to compete against the big four banks, which have significantly more brand recognition and branches. So, to stay competitive, Bankwest often undercuts the interest rates offered by ANZ, Commonwealth Bank, NAB and Westpac.
For owner-occupiers paying interest and principal, Bankwest rates tend to be moderately low, while its interest-only rates tend to be very low. Mortgages for investors generally have very low interest rates, especially interest-only home loans. Bankwest’s upfront fees are generally moderate. That said, there can be differences from product to product.
Bankwest puts a different rate on variable and fixed home loans. Depending on the product, there can be significant differences, so it’s worth comparing the two to get the best home loan rate to suit your needs.
Bankwest home loans review
Bankwest mortgage customers get the benefit of banking with a smaller, more personal bank, but the safety of knowing it’s owned by the largest bank in Australia (Commonwealth Bank).
Bankwest offers home loans to suit almost every type of borrower, whether a first home buyer, a refinancer, an investor or an owner-occupier. There are also several specialist home loans offered by Bankwest, including reverse mortgages, SMSF mortgages and low-doc loans for the self-employed.
Bankwest’s interest rates are generally low compared to many of its competitors in Australia, but the fees vary significantly between the products offered by the bank. There are some home loans at Bankwest with no application and monthly maintenance fees, however some mortgage products have high annual fees, so it pays to compare home loans carefully to get the best deal.
